Are you paying interest more than you have to? As the financial year comes to an end, it’s that time when many Australians complete their tax returns, check their mortgage statements and realise that the banks are ripping them off. Your accountant will be surprised if he or she sees that your mortgage interest rate begins with a 4 as many lenders are now offering very low rates. Even one of the big four is currently offering 3.59%.
These loans are owner-occupied but there are good investor rates out there as well. Some lenders may even structure your loan so you can get an investor loan at an owner-occupied rate. An investment property with a 3% interest rate certainly makes a good deal. Some majors even offer cash just so you will move your loan to them, giving out $1,250 for each property – an amount that can already cover your accountant fees.
Now that you are pulling together the information for your tax return, make sure to check the interest rates you are paying and call us on 1300 30 67 67 to see if we can find you a better deal.
If you would like to know more about interest rates and finance, you can click here to know more about Chan & Naylor services. You can leave your details here and we can schedule you for a free consultation. We’ll contact you to explain more.
Whether you are a beginner, seasoned investor or business owner, our property and business tax accountants can give you guidance to maximise the financial areas of your life. We can also give you an integrated and tailored solution for your superannuation, taxation, property investment, asset protection, estate planning and more.
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Chan & Naylor Group has national offices in Brisbane and Capalaba in Queensland, Melbourne and Moonee Ponds in Victoria, East Perth in Western Australia, and South West Sydney, Parramatta, Pymble, North Sydney, and Sydney in New South Wales.